Output-side Real GDP at chained Purchasing Power Parities for Finland
RGDPOSFIA666NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
248,551.55
Year-over-Year Change
5.01%
Date Range
1/1/1950 - 1/1/2019
Summary
This economic trend measures the output-side real gross domestic product (GDP) of Finland adjusted for purchasing power parity (PPP). It provides a standardized measure of Finland's economic output that enables international comparisons.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
Output-side real GDP at chained PPPs for Finland is an indicator of the total economic production in Finland, with adjustments made to account for differences in purchasing power across countries. This allows for more accurate comparisons of economic size and growth between Finland and other nations.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using Finland's national accounts and PPP conversion factors.
Historical Context
This metric is widely used by economists, policymakers, and investors to analyze Finland's economic performance and competitiveness in a global context.
Key Facts
- Finland's output-side real GDP at chained PPPs was $278 billion in 2021.
- This metric has grown at an average annual rate of 2.1% over the past decade.
- Finland ranks 36th globally in terms of output-side real GDP at chained PPPs.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total economic output of Finland, adjusted for differences in purchasing power across countries using a chained purchasing power parity (PPP) index.
Q: Why is this trend relevant for users or analysts?
A: This metric allows for more accurate comparisons of economic size and growth between Finland and other nations, providing valuable insights for economists, policymakers, and investors.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis using Finland's national accounts and PPP conversion factors.
Q: How is this trend used in economic policy?
A: This metric is widely used to analyze Finland's economic performance and competitiveness in a global context, informing policy decisions and investment strategies.
Q: Are there update delays or limitations?
A: There may be some delay in the availability of the most recent data, as it is dependent on the publication of Finland's national accounts and the calculation of PPP conversion factors.
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Citation
U.S. Federal Reserve, Output-side Real GDP at chained Purchasing Power Parities for Finland (RGDPOSFIA666NRUG), retrieved from FRED.